Cost factor definition

You can define cost factors for your organization.

An organization can define many cost factors. Each cost factor has the following attributes:

Name Unique name for cost factor
Calculation method - Percent or Value? Is this factor expressed as a percentage or an amount?
Application method If the calculation method is defined as "Percentage", the application method has no significance.

If the calculation method is specified as “Amount”, the application method can have one of the following values:

  • Weight – the value specified represents the dollar value for each pound of product. The base weight can be defined as any of weight UOM.
  • Volume - The value specified represents the dollar value for each cubic foot of product. The base volume can be defined as any of weight UOM.
  • Quantity – The value specified represents the monetary value for each unit of the product.